Finance News: Latest Financial News, Finance News today in Bangladesh

LafargeHolcim's profit lowest in four years in 2024

LafargeHolcim earned its lowest profit in four years in 2024 due to lower sales amid recent political changeover and adverse macroeconomic environment. The multinational cement manufacturer's profit plunged 36 per cent year-on-year to Tk 3.82 billion in 2024. As a result, earnings per share (EPS) fell to Tk 3.29 in...

IDRA lacks power to stop scams by insurance companies: Chairman

Insurance companies could not be held accountable for financial frauds as the regulatory body lacks power to enforce disciplinary actions, said the chief of the Insurance Development and Regulatory Authority (IDRA). "A few days ago, the governor of the Bangladesh Bank told the media that the banking sector is on...

Trump defends tariffs before corporate America as stocks sell off

WASHINGTON, March 11 (Reuters): U.S. President Donald Trump defended his use of tariffs and said they could multiply as he met on Tuesday with the CEOs of America's biggest companies, many of whom have watched their market value crater over recession and inflation fears.The Republican president spoke to about 100...

BD, Japan discuss PPP projects, transport cooperation

Bangladesh and Japan on Wednesday discussed the progress of projects taken under the Public Private Partnership (PPP) platform in Bangladesh, with a particular focus on Hazrat Shahjalal International Airport Terminal-3 project and cooperation in the railway and road transport sector of Bangladesh.A Bangladesh delegation led by M Siraz Uddin Miah,...

SOUTHEAST BANK TRAINING INSTITUTE HOSTS CAPACITY DEVELOPMENT PROG

Southeast Bank Training Institute organised a capacity development programme to improve marketing expertise on retail banking loan and credit card recently. The programme aims to equip banking professionals with advanced strategies and practical skills. The bank's Chairman M. A. Kashem and Managing Director Nuruddin Md. Sadeque Hossain delivered their speeches...

PRIME BANK COMPLETES POC FOR GREEN LC

Prime Bank launched the country's first blockchain-based inland Letter of Credit (LC) platform, 'Green LC.' The bank completed a Proof of Concept (POC) for the Green LC in collaboration with Dhaka Bank. This milestone marks a significant step towards a fully digital and seamless trade ecosystem. Spectrum Software and Consulting...

418TH BOARD MEETING OF AL-ARAFAH ISLAMI BANK HELD

The 418th Board meeting of Al-Arafah Islami Bank PLC was held on Tuesday, with Chairman of the Board of Directors Khwaja Shahriar in the chair. The overall business performance of the bank was reviewed and several policy decisions were taken at the meeting. Directors of the bank Md Shahin Ul...

SONALI BANK conducts ON-SITE ASSESSMENT TO IMPLEMENT RBS

Bangladesh Bank is going to implement Risk-Based Supervision (RBS) to strengthen the banking sector in Bangladesh. An on-site assessment was held as a pilot programme at Sonali Bank's head office conference room from March 9 to 11 to implement RBS. Managing Director & CEO of Sonali Bank Md Shawkat Ali...

ANSAR-VDP UNNAYAN BANK holds 109TH BOARD MEETING

The 109th meeting of the Board of Directors of Ansar-VDP Unnayan Bank was held recently. Major General Abdul Motaleb Sazzad Mahmud, Chairman of the bank and director general of Bangladesh Ansar and Village Defence Party, presided over the meeting. Mir Mofazzul Hossain, managing director of the bank, along with other...